premium income fund , page-9

Seamisty

You seriously do that for a living (in addition to investing)?

Thats hardcore. Where do you put shark nets? Do you catch them often and what type?

Sorry for the off topic.

Agree though, todays's OCV news will probably be on the PIF situation and it should be. We know they asked for shareholders to hang in there till the end of april for the financials and business review....but the PIF holders need something.

Its a cruel situaiton this MFS / OCV situaiton.

If you look at the others who were in a similar boat..."Too highly geared in a credit crunch world crisis"...like MFS, ABS, CNP, AFG, CER, CGF maybe.....these other companies went into a trading halt for a couple of days, ABS extended theirs to 4 days suspension.....MFS..now OCV....WILL BE SUSPENDED for 4 BLOODY MONTHS.

Where do they get off doing that?

Let the market decide what its worth.

Get the financils done and relist and let holders get slaughtered.

If they release the financials...then say...Korda Mentha still needs time to finish his report on the business review...I think we will all hit the roof.

The financials will do just fine...their turn around plan is subjective...up for debate on whether it will turn the bad around in a 1-5 year period.....I wont be holding for that long.

Happy to hold for 6 months if the plan looks good...maybe 1 year if its really good...but time for the financials nd relisting.

4 months compared to 4 days is just ridiculous.